At the end of the latest market close, BIT Mining Limited (BTCM) was valued at $9.63. In that particular session, Stock kicked-off at the price of $9.52 while reaching the peak value of $9.6199 and lowest value recorded on the day was $8.9545. The stock current value is $9.16.Recently in News on September 22, 2021, BIT Mining Invests in Cryptocurrency Mining in Ohio. BIT Mining Limited (NYSE: BTCM) (“BIT Mining” or the “Company”), a leading cryptocurrency mining enterprise, today announced that it has entered into a Membership Interest Purchase Agreement and certain other auxiliary agreements (the “Agreements”) with Viking Data Centers, LLC (“Viking Data Centers”) to jointly invest in the development of a cryptocurrency mining data center space in Ohio (the “Ohio Mining Site”) with access to power capacity of up to 85 megawatts (“MW”). Development of the Ohio Mining Site is currently expected to be fully completed in February 2022. You can read further details here
BIT Mining Limited had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $35.00 on 02/16/21, with the lowest value was $4.06 for the same time period, recorded on 07/19/21.
BIT Mining Limited (BTCM) full year performance was 221.40%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, BIT Mining Limited shares are logging -73.83% during the 52-week period from high price, and 259.47% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $2.55 and $35.00.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 879638 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the BIT Mining Limited (BTCM) recorded performance in the market was 1.78%, having the revenues showcasing 81.03% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 576.53M, as it employees total of 138 workers.
Specialists analysis on BIT Mining Limited (BTCM)
During the last month, 0 analysts gave the BIT Mining Limited a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 7.90, with a change in the price was noted -3.51. In a similar fashion, BIT Mining Limited posted a movement of -27.70% for the period of last 100 days, recording 2,555,002 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for BTCM is recording 0.15 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Trends and Technical analysis: BIT Mining Limited (BTCM)
Raw Stochastic average of BIT Mining Limited in the period of last 50 days is set at 44.21%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 40.00%. In the last 20 days, the company’s Stochastic %K was 45.22% and its Stochastic %D was recorded 46.99%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 1.78%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -48.37%, alongside a boost of 221.40% for the period of the last 12 months. The shares increased approximately by -0.87% in the 7-day charts and went up by -11.07% in the period of the last 30 days. Common stock shares were driven by 81.03% during last recorded quarter.